JQC vs QQQ: Correlation
How closely do Nuveen Credit Strategies Income Fund Shares of Beneficial (JQC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JQC and QQQ?
Over the past 3 years, JQC and QQQ moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 103.7 %².
By 3-year correlation, QQQ places #9 of the 14 assets tracked against JQC. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 28.6 percentage points (-2.3% for JQC against +26.3% for QQQ). Risk is not evenly split, since QQQ carries 1.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
JQC vs QQQ: side by side
| JQC (Nuveen Credit Strategies Income Fund Shares of Beneficial) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.3% | +26.3% |
| 5-year return | +26.7% | +95.4% |
| Volatility (ann.) | 11.1% | 19.6% |
| Beta vs S&P 500 | 0.41 | 1.28 |
| Max drawdown (3Y) | -15.4% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 13.64% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | JQC | QQQ |
|---|---|---|
| 2022 | -14.2% | -32.6% |
| 2023 | +15.4% | +54.9% |
| 2024 | +22.3% | +25.6% |
| 2025 | -0.4% | +20.8% |
| 2026 | +2.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JQC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JQC and QQQ?
The JQC/QQQ correlation stands at 0.48 on a 3-year window (1 year: 0.41, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for JQC?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: JQC correlations · QQQ correlations
